McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Arts in Economics (BA Economics) .
| 151. |
The test of shifting the base is called |
| A. | unit test |
| B. | time reversal test |
| C. | circular test |
| D. | none of the above |
| Answer» C. circular test | |
| 152. |
Price relative is equal to |
| A. | × |
| B. | × |
| C. | ℎ × 100 |
| D. | ℎ × 100 |
| Answer» A. × | |
| 153. |
The price relative is a price index that is determined by |
| A. | (price in period t/base period price)(100) |
| B. | (base period price/price in period t)(100) |
| C. | (price in period t + base period price)(100) |
| D. | none of the above |
| Answer» A. (price in period t/base period price)(100) | |
| 154. |
A composite price index based on the prices of a group of items is known as the |
| A. | laspeyres index |
| B. | paasche index |
| C. | aggregate price index |
| D. | consumer price index |
| Answer» C. aggregate price index | |
| 155. |
A weighted aggregate price index where the weight for each item is its base period quantity is known as the |
| A. | paasche index |
| B. | consumer price index |
| C. | producer price index |
| D. | laspeyres index |
| Answer» D. laspeyres index | |
| 156. |
A monthly price index that uses the price changes in consumer goods and services for measuring the changes in consumer prices over time is known as the |
| A. | paasche index |
| B. | consumer price index |
| C. | producer price index |
| D. | laspeyres index |
| Answer» B. consumer price index | |
| 157. |
A monthly price index that measures the changes in the prices of goods sold in a primary market is known as the |
| A. | consumer price index |
| B. | quantity index |
| C. | index of industrial production |
| D. | producer price index |
| Answer» D. producer price index | |
| 158. |
A composite price index where the prices of the items in the composite are weighted by their relative importance is known as the |
| A. | price relative |
| B. | weighted aggregate price index |
| C. | consumer price index |
| D. | none of the above |
| Answer» B. weighted aggregate price index | |
| 159. |
An index that is designed to measure changes in quantities over time is known as the |
| A. | time index |
| B. | quantity index |
| C. | paasche index |
| D. | change index |
| Answer» B. quantity index | |
| 160. |
A quantity index that is designed to measure changes in physical volume or production levels of industrial goods over time is known as the |
| A. | physical volume index |
| B. | time index |
| C. | index of industrial production and capacity utilization |
| D. | none of the above |
| Answer» C. index of industrial production and capacity utilization | |
| 161. |
The term econometrics was coined by |
| A. | marsahll |
| B. | pawel |
| C. | ragnar frisch |
| D. | pareto |
| Answer» C. ragnar frisch | |
| 162. |
Econometrics model is ___________model |
| A. | exogenous |
| B. | endogenous |
| C. | identified |
| D. | either exogenous or endogenous |
| Answer» D. either exogenous or endogenous | |
| 163. |
The starting point of econometric analysis is |
| A. | model specification |
| B. | formulation of alternative hypothesis |
| C. | formulation of null hypothesis |
| D. | collection of data |
| Answer» C. formulation of null hypothesis | |
| 164. |
Regressor refers to |
| A. | independent variable |
| B. | dependent variable |
| C. | error term |
| D. | dummy variable |
| Answer» A. independent variable | |
| 165. |
In perfect linear model, we assume that regression coefficient remains _________ |
| A. | variable until some point |
| B. | variable through out |
| C. | constant to some point |
| D. | constant through out |
| Answer» D. constant through out | |
| 166. |
In econometric models, t+1 indicates, |
| A. | net addition |
| B. | current value with some fluctuations |
| C. | expected value |
| D. | none of these |
| Answer» C. expected value | |
| 167. |
When a north Indian town data and south Indian data are totalled, it leads to the problem of _________aggregation. |
| A. | national |
| B. | regional |
| C. | spatial |
| D. | heterogeneous |
| Answer» C. spatial | |
| 168. |
Among the following, which is an assumption of OLS |
| A. | the explanatory variables are measurable |
| B. | the relationship being estimated is identified |
| C. | error term and independent variables are related |
| D. | error term and independent variables are linearly related |
| Answer» B. the relationship being estimated is identified | |
| 169. |
The property of average or expected value is equal to true value of the coefficient is the property of |
| A. | zero variance |
| B. | minimum variance |
| C. | zero mean |
| D. | minimum mean |
| Answer» B. minimum variance | |
| 170. |
The power of a statistical test is defined as, |
| A. | 1−β |
| B. | 1 + β |
| C. | 1 |
| D. | β |
| Answer» A. 1−β | |
| 171. |
Standard error is defined as, |
| A. | standard deviation of the sampling distribution |
| B. | standard deviation of the population |
| C. | variance of the sampling distribution |
| D. | variance of the population |
| Answer» A. standard deviation of the sampling distribution | |
| 172. |
Student t test is preferred in the case of a, |
| A. | large sample |
| B. | small sample |
| C. | when sample is below 50 |
| D. | when sample is above 50 |
| Answer» B. small sample | |
| 173. |
Cobb Douglas production function is an example of |
| A. | linear model |
| B. | double log model |
| C. | lin log model |
| D. | log lin model |
| Answer» B. double log model | |
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